Hollywood Bowl Group (BOWL) Sets New 52-Week High on Analyst Upgrade

Hollywood Bowl Group PLC (LON:BOWL) reached a new 52-week high on Monday after Peel Hunt raised their price target on the stock from GBX 215 to GBX 230. Peel Hunt currently has a buy rating on the stock. Hollywood Bowl Group traded as high as GBX 212 ($3.00) and last traded at GBX 209 ($2.95), with a volume of 658018 shares traded. The stock had previously closed at GBX 209 ($2.95).

BOWL has been the topic of a number of other reports. Berenberg Bank raised their price objective on shares of Hollywood Bowl Group from GBX 220 ($3.11) to GBX 250 ($3.53) and gave the stock a “buy” rating in a report on Friday, December 15th. JPMorgan Chase restated an “overweight” rating and set a GBX 230 ($3.25) price objective on shares of Hollywood Bowl Group in a report on Tuesday, December 12th. Liberum Capital initiated coverage on shares of Hollywood Bowl Group in a report on Thursday, January 11th. They set a “buy” rating and a GBX 260 ($3.67) price objective on the stock. Investec raised their price objective on shares of Hollywood Bowl Group from GBX 214 ($3.02) to GBX 220 ($3.11) and gave the stock a “buy” rating in a report on Monday, December 11th. Finally, Shore Capital restated a “buy” rating on shares of Hollywood Bowl Group in a report on Tuesday, December 12th. Six equities research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average price target of GBX 238 ($3.36).

In related news, insider Ivan Schofield acquired 6,600 shares of the company’s stock in a transaction that occurred on Friday, March 23rd. The shares were acquired at an average cost of GBX 198 ($2.80) per share, for a total transaction of £13,068 ($18,470.67).

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About Hollywood Bowl Group

Hollywood Bowl Group plc operates ten-pin bowling centers under the Hollywood Bowl, AMF, and Bowlplex brands in the United Kingdom. As of July, 26, 2017, it operated approximately 57 centers. The company is headquartered in Hemel Hempstead, the United Kingdom.

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